AquaVenture Holdings Ltd (WAAS) Receives Average Recommendation of “Buy” from Brokerages

Shares of AquaVenture Holdings Ltd (NYSE:WAAS) have earned a consensus rating of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $25.75.

Several equities research analysts have issued reports on the company. Royal Bank of Canada lifted their price objective on AquaVenture from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday, November 5th. Citigroup set a $23.00 price objective on AquaVenture and gave the stock a “buy” rating in a report on Monday, November 5th. Zacks Investment Research upgraded AquaVenture from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a report on Saturday, January 12th. JMP Securities set a $30.00 price objective on AquaVenture and gave the stock a “buy” rating in a report on Thursday, November 8th. Finally, Lake Street Capital lifted their price objective on AquaVenture to $34.00 and gave the stock a “buy” rating in a report on Wednesday, December 19th.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC boosted its position in AquaVenture by 57.3% during the 4th quarter. Millennium Management LLC now owns 32,622 shares of the company’s stock valued at $616,000 after purchasing an additional 11,884 shares during the period. Bank of America Corp DE boosted its position in AquaVenture by 62.7% during the 4th quarter. Bank of America Corp DE now owns 8,698 shares of the company’s stock valued at $165,000 after purchasing an additional 3,351 shares during the period. Principal Financial Group Inc. boosted its position in AquaVenture by 4.6% during the 4th quarter. Principal Financial Group Inc. now owns 151,019 shares of the company’s stock valued at $2,853,000 after purchasing an additional 6,619 shares during the period. Geode Capital Management LLC boosted its position in AquaVenture by 10.8% during the 4th quarter. Geode Capital Management LLC now owns 127,050 shares of the company’s stock valued at $2,399,000 after purchasing an additional 12,356 shares during the period. Finally, Ibex Investors LLC acquired a new position in AquaVenture during the 4th quarter valued at approximately $218,000. Institutional investors own 33.89% of the company’s stock.

Shares of NYSE:WAAS traded up $0.18 during mid-day trading on Wednesday, hitting $21.26. 26,307 shares of the company traded hands, compared to its average volume of 70,563. The company has a market cap of $568.30 million, a P/E ratio of -21.69 and a beta of 0.79. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.64 and a current ratio of 5.00. AquaVenture has a 52-week low of $11.83 and a 52-week high of $21.62.

AquaVenture Company Profile

AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination and wastewater treatment solutions for governmental, municipal, industrial, and hospitality customers; and point-of-use filtered water systems and related services to approximately 40,000 institutional and commercial customers.

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